Putrajaya to uphold rules-based world order, says Tengku Zafrul

The Star

Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Aziz says Putrajaya will continue to take a strong stance in promoting a rules-based world order.  He was speaking at the close of the Asean Economic Opinion Leaders Conference: Outlook for 2025 on Thursday.  Read more at https://bit.ly/4085blB  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Investment, trade and industry minister Datuk Sri Tengku Zafrul Aziz says Putrajaya will

00:11continue to take a strong stance in promoting a rules-based world order.

00:16He was speaking at the close of the ASEAN Economic Opinion Leaders Conference Outlook

00:20for 2025 on Thursday.

00:23Tengku Zafrul says new major power dynamics under Trump's administration, coupled with

00:28calls for a new world order by middle powers and other regions in line with the global

00:33south, is something ASEAN must continuously take stock of.

00:37As demonstrated by our Prime Minister, Malaysia needs to continue being active, being outspoken

00:45and principled on geopolitical and economic issues during our chairmanship.

00:52So the Malaysian government, and by extension METI, will continue to take a strong stand

00:57on promoting a rules-based world order.

01:01Tengku Zafrul said in the era of US-China decoupling and de-globalisation, ASEAN's

01:07strong neutrality and non-alignment could be crucial in preserving many of the world's

01:11critical supply chains.

01:12As ASEAN attracts more investment flows from many countries, ASEAN is also supporting the

01:20region's geopolitical security and this can only be good for the region and for the world.

01:27Next, as the China Plus One strategy runs its course and superpowers of economies decouple,

01:36so too will supply chains.

01:38As every export from a particular country, from steel to even garlic, is being closely

01:47scrutinised today, everything is now a security threat, increasingly more MNCs are not only

01:53diversifying their suppliers and logistics providers, but also building supply chains

01:59that mirror geopolitical alliances.

02:03He added that as ASEAN's chairman, Malaysia's commitment will be reflected in tangible results

02:08delivered in 2025, benefiting the country and the entire ASEAN community.

02:14The ASEAN Economic Opinion Leaders' Conference was a two-day event organised by the Investment,

02:19Trade and Industry Ministry to kick off Malaysia's ASEAN chairmanship.

02:24Star Media Group is the exclusive media partner for the conference that addresses key economic

02:29issues and the sustainable future of the regional grouping.

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